# USD/JPY refreshes daily lows below 113.55 ahead of UK/Japan data — Octa

> USD/JPY slipped to daily lows below 113.55 in early Asian trade on October 29, 2021. The dollar was at four-week lows after weaker US GDP and firmer PCE inflation, and the yen was supported by the Bank of Japan holding policy steady.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/44793-usd-jpy-refreshes-daily-lows-below-113-55-ahead-of-uk-japan-data-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A softer dollar against the yen is a routine currency move with little direct effect on feed grain or meal prices. It may modestly ease import costs for Japanese feed buyers.

## Read by commodity

- USDJPY: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/933369/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.